XAU/USD trades in Rising Wedge near Support & Resistance Levels
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Reasons:
- Price trades in Rising Wedge
- Resistance level is 1700 $
- Support level 1640 $
- I think price may continue to grow from Support Level
- But if price will break support level then we can open short
- To open position only after setup which you personally trade
- Always do your own research before opening positions and always put SL
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
Reasons:
- Price trades in Rising Wedge
- Resistance level is 1700 $
- Support level 1640 $
- I think price may continue to grow from Support Level
- But if price will break support level then we can open short
- To open position only after setup which you personally trade
- Always do your own research before opening positions and always put SL
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !